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E-Commerce

BIIA Member Panjiva in the News

Panjivas’s Josh Green Named a “Pro to Know” for Commitment to Supply Chain Transparency Josh Green, Co-founder and CEO of Panjiva was recently named a “Pro to Know” by Supply & Demand Chain Executive for his contributions in bringing transparency to the global supply chain. Supply & Demand Chain Executive recognized Josh and the entire Panjiva team for pushing the boundaries of how ... Read More »

HC International’s revenue up 53% in 2013

Hong Kong-listed HC International revenues in the year were US$138 million, up 53% from 2012.  Net income for the year was US$25 million – a jump of 132% over the previous year.  Dilute earnings per share in 2013 were RMB 0.2489 (US$0.041). HC’s largest business segment, online services, generated 83% of total revenues which amounted to US$115 million. This represents ... Read More »

Messaging Service Tango Secures $280 million from Alibaba

Tango netted $215 million from Alibaba with the additional $65 million from some of its prior investors which include Access Industries, Draper Fisher Jurvetson, Qualcomm Ventures, Toms Capital, Translink Capital, as well as Bill Tai, Shimon Weintraub, Jerry Yang, Alex Zubillaga and others. The Alibaba investment secured the Chinese company a minority stake in Tango and a seat on the ... Read More »

Tencent to Take Stake in JD.com to Challenge Alibaba

Tencent has agreed to pay $214.7 million for a 15 percent stake in JD.com, the companies announce late Sunday. JD.com is China’s second-largest e-commerce company behind Alibaba, which controls nearly 80 percent of China’s internet shopping market. As part of the deal, Tencent agreed to buy an additional 5 percent stake in JD.com after it completes a planned $1.5 billion ... Read More »

Alibaba to Seek US listing

Ecommerce Group Alibaba announced that it would pursue an initial public offering in the US, publicly confirming that Hong Kong has lost out on what is expected to rank as one of the world’s largest IPOs. Alibaba had initially sought to list in Hong Kong but fell foul of the city’s listing rules due to the desire of senior management to ... Read More »

Alibaba: Yu’e Bao – ‘Leftover Treasure’ Money Market Fund Soars

Alibaba launched its Yu’e Bao money market fund nine month ago and investors are rushing to invest their ‘leftover treasures’ topping 81 million active trading accounts by the end of February. Senior Chinese financial officials told the Financial Times that the fund had accumulated at least Rmb500bn ($81bn) in deposits by the second week of March, making it the fourth ... Read More »

Alibaba Buys Majority Stake in ChinaVision

Alibaba has paid more than $800m for a majority stake in Hong Kong-listed ChinaVision Media Group. The ChinaVision deal will address what analysts say is Alibaba’s competitive disadvantage in video entertainment, where it lags behind both Baidu and Tencent. China’s online video scene is already the biggest in the world, with more than 400m viewers and hundreds of millions more ... Read More »

Postal Delivery: Shape of Things to Come – Parcel Delivery by Drone

PostalVision 2020/4.0 continues its thought leadership on April 10 – 11 at the Westin Hotel in Washington DC City Center. The two day conference will focus on Delivery Solutions and Digital Directions that will shape an industry for years to come. On the agenda a rather futuristic view of postal delivery by Drone.  “Pathways to a New Postal Paradigm” will include ... Read More »

Alibaba to Establish E-commerce Association in Taiwan

The Alibaba Group, will establish an e-commerce network association in Taiwan to help local small- and medium-sized companies to trade more effectively in the global market. After opening its office in Taiwan in 2008, Alibaba has been assisting local companies to make better use of the Internet in their trading activities. The company also aims to Taiwanese SMEs to promote ... Read More »

Alibaba Invests in English-learning Service TutorGroup

Alibaba has made an investment in TutorGroup, an online education platform and one of the largest English-language learning institution in the world.  Alibaba says it has teammed up with Singapore’s state investment firm Temasek and Qiming Venture Partners to invest nearly 100 million U.S. dollars in TutorGroup.   Alibaba has not revealed the details of the deal.  TutorGroup says it plans ... Read More »

“Leftover Treasure” Online Finance Products Encroach on the Turf of China’s State Owned Banks

Alibaba, Tencent and Baidu are three tech companies which are offering online finance products at higher yields than bank deposits and thus have become quite popular with private investors.  So much so that regulators are taking notice.   Although regulators hope that the leading Internet companies could play a role in making China’s banking system more competitive, they are concerned about ... Read More »

Alibaba to Launch US Consumer E-commerce Site “11 Main”

Alibaba plans to launch its first majority owned E-commerce venture in the US.  “11 Main” (business-to consumers) is to be launched by Alibaba’s US subsidiaries Vendio and Auctiva.  Alibaba did not disclose any details other than describing it as a boutique ecommerce platform selling interesting quality products from hand-picked shop owners.  Alibaba, though its English language website ‘AliExpress’, currently connects ... Read More »

Foxconn Launches B2B e-commerce Platform

Leading contract electronics manufacturer, Hon Hai Precision Industry Co. which trades under the name Foxconn Technology Group, will reportedly launch a new B2B trading platform in March. According to media reports, the company’s B2B e-commerce platform will be named “B2B Foxconn.com” and will focus on the trade of semi-finished electronics products. The manufacturer’s diversification into e-commerce is reportedly part of ... Read More »

Alibaba Offers to Acquire AutoNavi

Alibaba Group Holding Ltd offered to buy AutoNavi Holdings Ltd in a deal valuing the Chinese digital mapping and navigation firm at $1.58 billion.  Alibaba, which already owns 28 percent of AutoNavi, has been trying to expand its product line-up to better compete with Chinese rivals Tencent Holdings Ltd and Baidu Inc.    Alibaba had offered to buy the 72 percent ... Read More »

Alibaba’s Profits, Revenues Up in Q3 by 51%

Alibaba Group posted a quarterly profit for the three-month ended 30th September 2013. Net income attributable to shareholders in the period was US$792 million – that is a 12% increase compared to the previous quarter. Alibaba’s revenues in the quarter jumped 51% year-on-year to reach US$1.78 billion. Compared with the previous quarters however, this represents a slowdown from the growth ... Read More »

Performance Marketing Technology Leader Nanigans Acquires Social Commerce Technology Company, LoopIt

Nanigans, Inc. and Redstar Ventures, LLC announced today the acquisition of LoopIt, one of Redstar’s operating companies.  LoopIt’s team and technologies will augment Nanigans’ continued expansion into e-commerce. LoopIt had sought to help consumers tap friends across social networks for advice when shopping online. The LoopIt site will not continue operating, Nanigans said.  LoopIt founder and President, Andrew Lau, will ... Read More »

Arvato Strengthens Growth Platform eCommerce Through Acquisition of Netrada Group

International service provider Arvato acquires major parts of Hanover-based Netrada Group and combines both companies’ eCommerce businesses.  The merger turns Arvato into one of Europe’s leading service providers for integrated eCommerce services.  The combined business activities will jointly generate a turnover of over EUR 300 million; the joint number of employees will increase to over 3,000. The transaction is as ... Read More »